IBOR Transition: A Practical Perspective of the IFRS Amendments
- Modification of financial assets and liabilities held at amortized cost
- Changes to the hedge documentation and designation
- Updating cash flow hedges' OCI amount and hypothetical derivative, e.g. re-striking
- Causes and calculation of hedge ineffectiveness created from the transition
- How to disclose company’s progress in completing its transition to alternative benchmark rates
Speakers
David Wiggins
Corporate Treasury Specialist
Bloomberg L.P.
David leads a team of market specialists, covering a wide range of expertise, across EMEA. His main focus, since joining Bloomberg in 2010, has been working with non-financial corporates to better understand their challenges and assist them in finding solutions to improve their treasury workflows. Prior to joining Bloomberg he worked as a derivative structurer for TD securities & HBOS Treasury Services. David holds a PhD in Applied Mathematical Studies from Leeds University.
Andre Pereira
Hedge Accounting Product Manager
Bloomberg
André is a product manager at Bloomberg, responsible for the hedge accounting solution in EMEA. He has extensive experience in the technical accounting (including hedge accounting) and valuation of complex financial instruments under IFRS, providing technical accounting advice, risk management and treasury consulting services to a number of FTSE 100 and large multinational corporate treasuries.
He has dedicated large part of his career improving the effectiveness and efficiency of treasury activities, processes and workflow; whether by active participation in the strategic vision and product roadmap planning of software vendors or as consultant and advisor to large corporations and financial institutions.
Stewart Hagell
Director - Corporate Treasury Services
KPMG
Stewart has over 15 years’ experience advising Corporates across treasury and commodity challenges including financial risk, regulation, treasury transformations/technology and financial instrument accounting. He is a specialist in IAS 39 and IFRS 9 hedge accounting, and has worked extensively on the recent IASB amendments regarding IBOR reform. He is an active member of both the ACT and ICAEW.